We do strive to ensure that clients
are at all times satisfied with the integrity of reported information, risk
monitoring and compliance processes.
Accordingly the administration functions and the monitoring of risk and
compliance are performed by parties independent of Mazi.
The management of funds is dictated
by mandates. The mandates are particular to each fund, and contain information
such as the prescribed investment parameters, notice periods, fee details, etc.
Mazi maintains live spreadsheets
for all its funds. Valuations are compared on a monthly basis to those of the
administrators' for final evaluation purposes and to identify potential
discrepancies.
Hedge funds
- The prime broker is Peregrine Securities. Secondary broking arrangements are in place with
institutional brokers namely Credit Suisse, Merrill Lynch, JP Morgan, Macquarie
Bank, Investec, Morgan Stanley, Citigroup, Nedcor and Barnard Jacobs Mellet.
- IDS (Investment Data Services) are the independent
administrators.
IDS is responsible for all investor flows, documentation, month-end
reporting etc.
- The monitoring of risk and compliance, with reference to parameters
defined in each fund's mandate, is performed independently by RisCura
and Riskworx respectively. Risk reports are produced daily and compliance
reports weekly. These are sent directly to clients.
